Reference no: EM132533999
Muleta products company accumulated for the following data for 2005.
Jan 1,2007 Dec 31 2008
Inventories:
Finished goods---------------------------------------------------$52 000 --------------$54 000
Work in process -------------------------------------------------$29 600 -------------$27 800
Raw materials ---------------------------------------------------$14 200---------------15 000
Direct labor ---------------------------------------------------95 000
Raw materials purchase ------------------------------------------138 000
Indirect labor -------------------------------------------------15 300
Indirect materials and supplies -----------------------------------10 800
Factory utility -------------------------------------------------18 600
Depreciation expense factory -----------------------------------14 000
Factory rent -------------------------------------------------18 000
Pay roll taxes-factory wages -----------------------------------8 100
Insurance expense-Factory -----------------------------------6 800
Sales ----------------------------------------------------710 000
Selling expense --------------------------------------------95 600
General expense ------------------------------------------75 300
Required:
Question 1: Prepare statement of direct materials used.
Question 2: Prepare statement of cost of good of manufactured.
Question 3: Prepare an income statement.